Can I retire at age 56 with 3,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$305,543$302,821$300,166$297,574$295,043$292,816
2 years$151,259$148,442$145,711$143,064$140,497$138,251
3 years$99,837$97,008$94,285$91,663$89,137$86,943
4 years$74,132$71,311$68,615$66,038$63,573$61,447
5 years$58,713$55,909$53,248$50,723$48,327$46,276
6 years$48,436$45,654$43,033$40,564$38,240$36,265
7 years$41,099$38,340$35,760$33,350$31,099$29,202
8 years$35,599$32,864$30,328$27,976$25,800$23,981
9 years$31,323$28,614$26,121$23,830$21,727$19,986
10 years$27,904$25,222$22,773$20,541$18,513$16,848
11 years$25,109$22,454$20,049$17,877$15,921$14,332
12 years$22,781$20,153$17,793$15,681$13,797$12,282
13 years$20,813$18,213$15,897$13,844$12,031$10,588
14 years$19,128$16,555$14,283$12,289$10,547$9,174
15 years$17,668$15,123$12,896$10,960$9,286$7,982
16 years$16,392$13,875$11,692$9,813$8,207$6,970
17 years$15,268$12,779$10,639$8,817$7,277$6,104
18 years$14,269$11,808$9,712$7,946$6,470$5,360
19 years$13,377$10,944$8,891$7,180$5,767$4,717
20 years$12,575$10,169$8,160$6,503$5,151$4,159
21 years$11,850$9,472$7,506$5,902$4,610$3,673
22 years$11,192$8,842$6,917$5,366$4,132$3,249
23 years$10,593$8,270$6,387$4,887$3,709$2,878
24 years$10,044$7,748$5,907$4,457$3,334$2,552
25 years$9,539$7,271$5,471$4,070$3,000$2,265
26 years$9,074$6,834$5,074$3,722$2,702$2,012
27 years$8,645$6,431$4,712$3,407$2,436$1,788
28 years$8,246$6,060$4,380$3,121$2,198$1,591
29 years$7,876$5,717$4,076$2,862$1,985$1,416
30 years$7,532$5,399$3,797$2,627$1,794$1,261
31 years$7,210$5,104$3,540$2,413$1,622$1,124
32 years$6,909$4,830$3,303$2,217$1,467$1,002
33 years$6,626$4,574$3,084$2,039$1,328$893
34 years$6,361$4,335$2,881$1,876$1,202$797
35 years$6,112$4,111$2,694$1,727$1,089$711
36 years$5,876$3,902$2,520$1,590$986$635
37 years$5,655$3,706$2,359$1,465$894$566
38 years$5,445$3,522$2,209$1,351$810$506
39 years$5,247$3,349$2,069$1,245$735$452
40 years$5,058$3,187$1,940$1,149$667$404
41 years$4,880$3,033$1,819$1,060$605$360
42 years$4,711$2,889$1,706$978$549$322
43 years$4,550$2,753$1,601$903$498$288
44 years$4,396$2,624$1,503$834$452$257
45 years$4,250$2,502$1,411$770$410$230
46 years$4,111$2,387$1,325$711$373$205
47 years$3,978$2,278$1,245$657$338$184
48 years$3,850$2,174$1,170$607$307$164
49 years$3,729$2,076$1,100$561$279$147
50 years$3,612$1,984$1,034$519$253$131

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $3,700,000, adding $5,799 every year, while hoping to spend $21,587 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 70/14/16 Blend
55$3,700,000$3,700,000$3,700,000$3,700,000
56$4,083,382$3,887,282$3,829,932$4,353,624
57$4,476,918$4,054,790$3,935,266$4,701,637
58$4,909,872$4,229,783$4,043,405$5,079,260
59$5,386,241$4,412,604$4,154,421$5,492,000
60$5,910,429$4,603,614$4,268,386$5,943,320
61$6,487,291$4,803,189$4,385,375$6,437,032
62$7,122,174$5,011,724$4,505,464$6,977,333
63$7,820,969$5,229,632$4,628,731$7,568,840
64$8,590,171$5,457,347$4,755,256$8,216,639
65$9,436,932$5,695,320$4,885,121$8,926,329
66$10,369,135$5,944,027$5,018,409$9,704,074
67$11,395,467$6,203,965$5,155,206$10,556,661
68$12,525,498$6,475,652$5,295,598$11,491,565
69$13,769,774$6,759,635$5,439,677$12,517,015
70$15,139,917$7,056,483$5,587,532$13,642,076
71$16,648,732$7,366,794$5,739,257$14,876,727
72$18,310,329$7,691,193$5,894,949$16,231,963
73$20,140,256$8,030,336$6,054,704$17,719,889
74$22,155,648$8,384,908$6,218,622$19,353,840
75$24,375,384$8,755,628$6,386,806$21,148,502
76$26,820,269$9,143,250$6,559,359$23,120,051
77$29,513,228$9,548,560$6,736,389$25,286,306
78$32,479,523$9,972,386$6,918,004$27,666,894
79$35,746,993$10,415,591$7,104,316$30,283,434
80$39,346,313$10,879,082$7,295,438$33,159,741
81$43,311,288$11,363,808$7,491,485$36,322,051
82$47,679,167$11,870,762$7,692,577$39,799,264
83$52,490,998$12,400,985$7,898,835$43,623,218
84$57,792,016$12,955,570$8,110,382$47,828,986
85$63,632,066$13,535,657$8,327,344$52,455,209
86$70,066,077$14,142,445$8,549,851$57,544,456
87$77,154,579$14,777,186$8,778,033$63,143,625
88$84,964,273$15,441,196$9,012,024$69,304,386
89$93,568,664$16,135,849$9,251,962$76,083,664
90$103,048,751$16,862,589$9,497,986$83,544,178
91$113,493,793$17,622,926$9,750,238$91,755,027
92$125,002,153$18,418,442$10,008,864$100,792,346
93$137,682,223$19,250,796$10,274,012$110,740,016
94$151,653,451$20,121,727$10,545,832$121,690,459
95$167,047,465$21,033,053$10,824,479$133,745,506
96$184,009,317$21,986,683$11,110,110$147,017,357
97$202,698,853$22,984,616$11,402,884$161,629,637
98$223,292,220$24,028,946$11,702,964$177,718,561
99$245,983,530$25,121,868$12,010,517$195,434,217
100$270,986,692$26,265,681$12,325,712$214,941,980